Gold has been on fire.
Over just the past four weeks, the price of gold is up $110 per
ounce. That's a gain of almost 10%. It's one of the best monthly
performances for the metal since the price peaked back in 2011.
If gold can hang onto these gains over the next week, we'll have
the first long-term buy signal for the metal since mid-2009. And it
could lead to big gains in the price of gold...
Take a look at this long-term monthly chart of gold with its Moving Average Convergence Divergence (MACD) momentum indicator...
The MACD indicator is often used for determining overbought and
oversold conditions. But it can be used as a long-term timing indicator,
too. (more)
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